forrester research inc (FFR) Details

Forrester Research, Inc., an independent research company, provides pragmatic and forward-thinking advice to business and technology customers. The company operates through Research, Product, and Project Consulting segments. It offers products and services for specific roles, including senior management in business strategy, marketing, and information technology. The company’s primary syndicated research product is RoleView, which offers clients with access to its syndicated research designed to inform their strategic decision-making. The RoleView research offerings consist of cross-linked documents that interconnect the company’s reports, data, product rankings, best practices, evaluation tools, and research archives, which are provided through role-based Websites. It also offers Forrester Leadership Boards that are peer groups for executives and other senior leaders at large organizations. In addition, the company provides data products and services, including Customer Experience Index, a framework for assessing and measuring customer experience quality; Consumer Technographics that offers insights into how technology impacts the way consumers select, purchase, use, and communicate about products and services; and Business Technographics, which provides assessments of what motivates businesses to choose certain technologies and vendors, as well as measures and reports on the current information consumption patterns of key influencers for large technology purchases. Further, it offers consulting services to assist clients in developing and executing technology and business strategy, informing critical decisions, and reducing business risk, as well as hosts multiple events. The company sells its products and services through direct sales force in North America, Europe, Asia, and Australia; and through independent sales representatives in select international locations. Forrester Research, Inc. was founded in 1983 and is headquartered in Cambridge, Massachusetts.

forrester research inc (FFR) Key Developments

Forrester Research Inc. announced that its board of directors has approved a quarterly cash dividend of $0.17 per share, payable on September 16, 2015, to shareholders of record on September 2, 2015.

Forrester Research Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Jul 29 15

Forrester Research Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenues were $82.8 million for the second quarter of 2015, compared with $82.9 million for the second quarter of 2014. On a GAAP basis, net income was $5.8 million, or $0.31 per diluted share compared with net income of $4.3 million, or $0.23 per diluted share, for the same period in 2014. On a pro forma basis, net income was $7.3 million, or $0.40 per diluted share, for the second quarter of 2015, which reflects a pro forma effective tax rate of 38%. This compares with pro forma net income of $6.2 million, or $0.32 per diluted share, for the same period in 2014, which reflects a pro forma tax rate of 38%. Pro forma income before income taxes was $11.774 million compared to $9.952 million a year ago. Pro forma income from operations was $11.873 million compared to $9.873 million a year ago.
For the six months, the company reported total revenue of $157.998 million compared to $156.018 million a year ago. Income from operations was $9.378 million compared to $7.100 million a year ago. Income before income taxes was $9.552 million compared to $7.195 million a year ago. Net income was $5.526 million or $0.30 per diluted share compared to $4.223 million or $0.22 per diluted share a year ago. Pro forma income before income taxes was $17.172 million compared to $13.243 million a year ago. Pro forma income from operations was $16.989 million compared to $13.228 million a year ago. Pro forma net income was $10,647 million or $0.58 per diluted share compared to $8.211 million or $0.42 per diluted share a year ago. Net cash provided by operating activities was $24.761 million compared to $35.281 million a year ago. Purchases of property and equipment were $1.678 million compared to $0.871 million a year ago.
The company provided earnings guidance for the third quarter and full year 2015. For the quarter, the company expected total revenues of approximately $72.0 million to $75.0 million, operating margin of approximately 3.0% to 5.0%, effective tax rate of 40% and diluted earnings per share of approximately $0.08 to $0.12. The company expected pro forma operating margin of approximately 6.5% to 8.5%, pro forma effective tax rate of 38% and pro forma diluted earnings per share of approximately $0.17 to $0.21.
For the full year 2015, the company expected total revenues of approximately $310.0 million to $318.0 million, operating margin of approximately 5.5% to 6.5%, effective tax rate of 40% and diluted earnings per share of approximately $0.55 to $0.63. The company also expected pro forma operating margin of approximately 9.5% to 10.5%, pro forma effective tax rate of 38% and pro forma diluted earnings per share of approximately $1.00 to $1.08.

Forrester Research Inc. to Report Q2, 2015 Results on Jul 29, 2015

Jul 17 15

Forrester Research Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Jul 29, 2015

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